Question: a E8.2 (LO 1) Presented below are selected transactions of Federer Apparel. Federer sells in large quanti- ties to other companies and also sells its

a E8.2 (LO 1) Presented below are selected transactions of Federer

a E8.2 (LO 1) Presented below are selected transactions of Federer Apparel. Federer sells in large quanti- ties to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Lynda Company for CHF5,000, terms 2/10, n/30. 3 Lynda Company returned merchandise worth CHF500 to Federer. 9 Federer collected the amount due from Lynda Company from the March 1 sale. 15 Federer sold merchandise for CHF400 in its retail outlet. The customer used his Federer credit card. 31 Federer added 1.5% monthly interest to the customer's credit card balance. Instructions Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.)

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